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Sorry mate...New three year low today...Back to sleep.
Wake up...The three year low has just passed. GL.
I would guess that after discussions re funding,they now know that conditions will be punitive. Hope for a TO. and cross fingers,legs and toes,otherwise the financiers will effectively own the company. Banks 1......PIs 0
I know it doesn't suit shareholders,but those are the rules. The value of the company to present PIs is possiblt almost nothing,unless there's a TO and what company would want to other than at rock bottom..It's a bleak outlook.
The board have to release any news which may have a significant effect on SP.at the soonest opportunity. It's true that in the case of a dilution warning it makes matters worse.but has to be done.
The limited value warning probably refers to the fact that they seem to be unable to raise money without conceding huge numbers of shares,either through massive dilution,or as a direct concession to the banks etc. The fact that the SP has now crashed further just makes matters worse. At this SP,the only hope now is a take over.
Thanks for the heads up re RNS.
Good placing price,but we were informed that no further placings would be required a couple of weeks ago as far as I remember and that a loan would be the preferred option..Not good to almost immediately make a contradictory deal...ORM need to raise the equivalent of twice the market cap to complete development works to production at Barr...Director buy of 500,000 as part of the placing at 10p may steady the market.
What an ingrate....I saw the chat on the left and thought it was for the BLVN board...Despite your rudeness I wish you good luck...You will most definitely need it..Do you really think people might be stupid enough to waste their time to talk an SP down that's hardly started...It's doing that on its own.
I have no personal axe to grind and have arrived here accidentally. But Sain@ is probably right...Do yourself a favour...take a loss and sell before you lose more...Reassess from the outside, at least temporarily. GL.
Return of VALUE...probably means share buy backs. GL
Shhhhhhhhhhhhhhhhhhhhh. Keep it quiet. As the Waffler said;the ramp wallahs will be here if we're not careful. Nice to see the rise though.
Seems to have been caused by a buy recommendation somewhere...Anyone see it ?
Funnily enough,I had a quick look here earlier just to hear my footsteps echo back from the abandoned adit...Was thinking of buying more and wondering if they may go slightly lower. Very shrewd move to get a government agency to do the slog...Almost guarantees the licence if there was any previous doubt..The unemployment levels are the clincher..Very little doubt now that all will go forward under full sail:studding,bonnets and drabblers...Ooooh Aaaaaar. The negatives I posted re. VOG are genuine ones,which are the only reasons I can think of for poor performance...Pipelines are very expensive and present serious security problems...There's a very limited local market,and other finds are expected in competition..Why they are contemplating another drill there is a mystery to me.I am amazed by the sudden, and to my mind, unexplained bullishness of the market at the moment..When the pros. are lending money to Germany at nil interest it's time to wonder what TF is going on. I'm still sitting on a fair percentage of cash..It takes nerve to do so when the market suddenly decides it's time for a little spurt. We should never forget that if one missed share buy rises and disappears over the horizon,there's always another opportunity. Or.. to put it in a nutshell...... When one door closes..another one slams in your face. Warren B. bought another wedge of TESCO. Feck.
Suggest you all read the iii THT board. Some interesting opinion. GL.
Good post. Why we'll see a very large increase in SP in 2012. Despite the probability of a dilution before the mine is in operation,there will be enviable profits made by anyone having the good fortune to buy at this price. I will be quietly accumulating before this hits the radar of the grockles.
Was about to place an order,but thought it might go down on the basis of buy on rumour,sell on news...I'll give it an hour or so.
Good for you. Thanks for the info.
Yes..I saw the BLIP on BIP....;-). Pleased for you....Have a good weekend if I don't speak tonight. I presume something has precipitated the buys here today after a very quiet spell ,,,haven't had time to look. Still very cheap...In fact absurdly cheap,and still worth buying a shed full.
The last two trades today appear to be buys at 6.75p. I'm not sure that I can resist a top up tomorrow.